The Diverging Patterns of Profitability, Investment and Growth of China and India During 1980-2003
Summary This paper documents the diverging patterns of capital accumulation, profit rates, investment rates, capital productivity, and technological progress of China and India between 1980 and 2003. The two Asian economies have followed very different growth patterns and, today, they face different challenges. India's is how to accelerate growth, while China's policy makers debate between the need to maintain a high growth rate to generate employment and the imperative to reduce it to cool the economy. India must address impediments to investment. China must deal with the question of whether investment can continue being the main source of growth.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kalpana Kochhar & Utsav Kumar & Raghuram Rajan & Arvind Subramanian, 2006.
"India's Patterns of Development: What Happened, What Follows,"
NBER Working Papers
12023, National Bureau of Economic Research, Inc.
- Kochhar, Kalpana & Kumar, Utsav & Rajan, Raghuram & Subramanian, Arvind & Tokatlidis, Ioannis, 2006. "India's pattern of development: What happened, what follows?," Journal of Monetary Economics, Elsevier, vol. 53(5), pages 981-1019, July.
- Arvind Subramanian & Raghuram Rajan & Ioannis Tokatlidis & Kalpana Kochhar & Utsav Kumar, 2006. "India's Pattern of Development; What Happened, What Follows?," IMF Working Papers 06/22, International Monetary Fund.
- Montek S. Ahluwalia, 2002. "Economic Reforms in India Since 1991: Has Gradualism Worked?," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 67-88, Summer.
- Robert Rowthorn, 2006. "The Renaissance Of China And India: Implications For The Advanced Economies," UNCTAD Discussion Papers 182, United Nations Conference on Trade and Development.
- Glyn, A, 1997.
"Does Aggregate Profitability Really Matter?,"
17, Centre for Economic Performance & Institute of Economics.
- Duncan K. Foley & Adalmir A. Marquetti, 1999. "Productivity, Employment and Growth in European Integration," Metroeconomica, Wiley Blackwell, vol. 50(3), pages 277-300, October.
- Rodrik, Dani & Subramanian, Arvind, 2004.
"From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition,"
Working Paper Series
rwp04-013, Harvard University, John F. Kennedy School of Government.
- Dani Rodrik & Arvind Subramanian, 2005. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," IMF Staff Papers, Palgrave Macmillan, vol. 52(2), pages 193-228, September.
- Rodrik, Dani & Subramanian, Arvind, 2004. "From 'Hindu Growth' to Productivity Surge: The Mystery of the Indian Growth Transition," CEPR Discussion Papers 4371, C.E.P.R. Discussion Papers.
- Dani Rodrik & Arvind Subramanian, 2004. "From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition," NBER Working Papers 10376, National Bureau of Economic Research, Inc.
- Carsten A Holz, 2005.
"New Capital Estimates for China,"
- Jesus Felipe & Franklin M. Fisher, 2003. "Aggregation in Production Functions: What Applied Economists should Know," Metroeconomica, Wiley Blackwell, vol. 54(2-3), pages 208-262, 05.
- J. E. Stiglitz, 1999. "Introduction," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 28(3), pages 249-254, November.
- Kurz,Heinz D. & Salvadori,Neri, 1997.
"Theory of Production,"
Cambridge University Press, number 9780521588676, October.
- Klein, L. R., 2004. "China and India: Two Asian Economic Giants, Two Different Systems," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(1).
- Avi J. Cohen, 2003. "Retrospectives: Whatever Happened to the Cambridge Capital Theory Controversies?," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 199-214, Winter.
- Steedman, Ian, 1985. "On the 'Impossibility' of Hicks-Neutral Technical Change," Economic Journal, Royal Economic Society, vol. 95(379), pages 746-58, September.
- Marquetti, Adalmir A., 2003. "Analyzing historical and regional patterns of technical change from a classical-Marxian perspective," Journal of Economic Behavior & Organization, Elsevier, vol. 52(2), pages 191-200, October.
- Dollar, David & Hallward-Driemeier, Mary & Mengistae, Taye, 2006.
"Investment climate and international integration,"
Elsevier, vol. 34(9), pages 1498-1516, September.
- Alwyn Young, 2000. "Gold into Base Metals: Productivity Growth in the People's Republic of China during the Reform Period," NBER Working Papers 7856, National Bureau of Economic Research, Inc.
- Jesus Felipe & JSL McCombie, 2002. "Productivity Growth in China Before and After 1978 Revisited," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 5(1), pages 17-43, May.
- Lewis, William W., 2004. "The Power of Productivity," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226476766, June.
- Weede Erich, 2001. "Comparative Economic Performance in China and India," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 11(1), pages 1-17, March.
- Bhaskar, V. & Glyn, A., 1992. "Investment and Profitability: The Evidence from the Advanced Capitalist Countries," Economics Series Working Papers 99144, University of Oxford, Department of Economics.
- Alwyn Young, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, Oxford University Press, vol. 110(3), pages 641-680.
- J. v. Neumann, 1945. "A Model of General Economic Equilibrium," Review of Economic Studies, Oxford University Press, vol. 13(1), pages 1-9.
- Chow, Gregory C & Li, Kui-Wai, 2002. "China's Economic Growth: 1952-2010," Economic Development and Cultural Change, University of Chicago Press, vol. 51(1), pages 247-56, October.
- Lawrence R. Klein & T. Palanivel, 2000. "Economic Reforms and Growth Prospects in India," ASARC Working Papers 2000-03, The Australian National University, Australia South Asia Research Centre.
- Gregory C. Chow, 1993. "Capital Formation and Economic Growth in China," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 809-842.
- Lal, Deepak, 1995.
"India and China: Contrasts in economic liberalization?,"
Elsevier, vol. 23(9), pages 1475-1494, September.
- Deepak Lal, 1993. "India and China: Contrasts in Economic Liberalization," UCLA Economics Working Papers 706, UCLA Department of Economics.
- Dani Rodrik & Arvind Subramanian, 2004. "From â€œHindu Growthâ€ to Productivity Surge; The Mystery of the Indian Growth Transition," IMF Working Papers 04/77, International Monetary Fund.
- Dani Rodrik & Arvind Subramanian, 2004. "Why India Can Grow At 7 Percent a Year or More; Projections and Reflections," IMF Working Papers 04/118, International Monetary Fund.
When requesting a correction, please mention this item's handle: RePEc:eee:wdevel:v:36:y:2008:i:5:p:741-774. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.